Rental Deals......where to start?

Rental Deals......where to start?

My realtor just informed me of 2 opportunities but I think they are way too big for my pockets.

First Deal: 22 unit 2bed/1bth student apartment complex on ISU campus. The Annual NOI is $135K and the asking price is $1,750,000.

Second Deal: 3-12 unit student apartment complex. Each unit has 1bed/1bth. The Net Operating Income is $88,139.

Any ideas on where to start with these or should I just forget about them and move on? Any advice would be greatly appreciated.


Julio S.



Seems like a HUGE undertaking unless part of the expenses includes a FANTASTIC on-site manager (or the University) who is good at keeping them filled and working through all the "college age" issues. Makes me shudder!

What do you think about the numbers?



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